Tempur Sealy International (NYSE:TPX) Cut to Neutral at Wedbush

Tempur Sealy International (NYSE:TPX) was downgraded by research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, Briefing.com reports. They currently have a $52.00 price target on the stock. Wedbush’s price target suggests a potential upside of 1.21% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Piper Sandler reiterated an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial lowered their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.71.

Tempur Sealy International Trading Down 2.0 %

Shares of TPX stock opened at $51.38 on Wednesday. Tempur Sealy International has a 1-year low of $36.12 and a 1-year high of $57.13. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.24 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The stock has a 50 day simple moving average of $50.06 and a 200-day simple moving average of $51.20.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. On average, equities research analysts expect that Tempur Sealy International will post 2.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in Tempur Sealy International by 19.6% during the fourth quarter. Victory Capital Management Inc. now owns 36,726 shares of the company’s stock worth $1,872,000 after purchasing an additional 6,025 shares during the last quarter. Natixis Advisors L.P. increased its holdings in shares of Tempur Sealy International by 0.8% during the 4th quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after buying an additional 256 shares during the last quarter. National Bank of Canada FI raised its position in shares of Tempur Sealy International by 26,342.9% during the 4th quarter. National Bank of Canada FI now owns 3,702 shares of the company’s stock valued at $184,000 after buying an additional 3,688 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Tempur Sealy International by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,074,166 shares of the company’s stock valued at $54,750,000 after acquiring an additional 32,707 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in Tempur Sealy International in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.